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BNSF posts lower revenue, income in Q4 2023

(Source: Progressive Railroading, February 26, 2024) BNSF Railway Co. announced total revenue for fourth-quarter and full-year 2023 decreased 6% and 8%, respectively, compared with the same periods in the previous year. Operating income for Q4 and full-year 2023 was...

STB’s Robert Primus: Deja vu, all over again

(Source: Progressive Railroading column by Surface Transportation Board member Robert Primus, February 23, 2024) Nearly 10 years ago, the largest freight railroads in the United States, commonly known as Class Is, began to cut costs aggressively. They claimed that the...